BIST 100 Ends The Day With A Decrease

BIST 100 ends the day with a decrease. In Borsa Istanbul, the BIST 100 index lost 0.72 percent and closed the day with 1.550.93 points.

At the end of the day, the BIST 100 index decreased by 11.17 points compared to the previous closing, and the total transaction volume was recorded as 28.4 billion liras. At the closing, the banking index gained 2.21 percent, while the holding index lost 0.65 percent. Among the sector indices, securities and investment partnerships were the most profitable with 2.60 percent, while the most decline was recorded on metal goods and machinery with 3.89 percent. Following the decision of the Central Bank of the Republic of Turkey (CBRT), the exchange rates declined, while the BIST 100 index rose to the limit of 1.575 points under the leadership of the bank shares, but the shares outside the financial sector did not persist, and the BIST 100 index found a balance slightly above 1.550 points. The Monetary Policy Committee of the CBRT increased the one-week repo rate, which is the policy rate, by 200 basis points from 17 percent to 19 percent. Analysts stated that the volatility in the bond market continues to be a determining factor on investor decisions, and that the US 10-year bond interest rates, which saw the levels of 1.75 percent, reduced the risk appetite on a global scale. It was stated that the foreign trade indices data in the country will be followed tomorrow, while the interest rate decision of the Bank of Japan and the Producer Price Index in Germany will be monitored abroad. On the technical side, analysts stated that the level of 1,600 is in the resistance position and the level of 1,550 is in the support position for the BIST 100 index.